The Global Bioinsecticides Market is projected to reach a value of over USD 7.6 billion by 2027 at a CAGR of around 15.4%.
Bioinsecticides are the type of pesticides obtained from naturally occurring substances such as plants, animals, bacteria, and minerals that control or kill pests. Bioinsecticides tend to pose fewer risks than conventional chemicals. Very small amounts of bioinsecticides are effective and they tend to break down quickly thereby creating less pollution.
The global bioinsecticides market is witnessing a shift towards biobased pesticides in line with effective and fewer pollution emissions.
Market Driver:
Temperature is the most important environmental factor influencing insect growth. Insects are the cold-blooded organisms; their body temperature is approximately the same as that of environmental temperature. The change in moisture contents and CO2 in the air can impact the host plants as well as pathogen organisms in various ways. Some pathogens include late blight, apple scab, and several vegetable root pathogens that are likely to infect plants with increased moisture. Moreover, the higher growth rate of leaves and stems under the high concentration of CO2 result in denser canopies with higher humidity that favor pathogens.
Thus, the demand for bioinsecticides is increasing due to changes in moisture content and CO2 concentration in the air and changes in rainfall patterns.
Market Restraint:
The major disadvantages of bioinsecticides which can hinder the overall market growth are slower killing rate compared with conventional chemical insecticides, susceptibility to unfavorable environmental conditions, and shorter persistence in the environment.
Thus, the conventional chemicals are more efficient than bioinsecticides which may hinder the demand for bioinsecticides in near future.
The report on the bioinsecticides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Class, Crop Type, Form, and Application |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Bioinsecticides Market, by Class
Bioinsecticides Market, by Crop Type
Bioinsecticides Market, by Form
Bioinsecticides Market, by Application
Bioinsecticides Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Bioinsecticides MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain